Bit tricky this one right now, are they absorbing supply or selling into demand ??
KMC Wide Out Daily So you can see where the Support/Resistance lines come from
KMC Close Up Daily Notice how the SR Lines frame the current SP Action very well, even though some of them come from years ago. These SR Lines contain potential supply, which may account for at least some of the very high volume on the chart, IF they are absorbing supply from the left.
cheers
PS- I'm not really that experienced at VSA (started 6-7 months ago), still learning more, all the time. Weekend charting is great though, as I get to chart stocks (and Index's) that I wouldnt normally look at. Maybe dg, Adsy, Funky or mitta will help out with this one, it's a bit tricky at this point in time. I find that the larger market cap stocks have much clearer VSA principles and the smaller the market cap the harder they can be to read.
